Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Sarasin & Partners LLP

Sarasin & Partners LLP lowered its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 74.9% in the second quarter, HoldingsChannel reports. The fund owned 166,838 shares of the semiconductor company’s stock after selling 498,766 shares during the quarter. Sarasin & Partners LLP’s holdings in Texas Instruments were worth $32,455,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of TXN. Norges Bank acquired a new stake in Texas Instruments during the fourth quarter worth about $1,649,592,000. Van ECK Associates Corp raised its holdings in Texas Instruments by 54.3% in the first quarter. Van ECK Associates Corp now owns 5,606,825 shares of the semiconductor company’s stock valued at $976,765,000 after buying an additional 1,972,304 shares during the period. California Public Employees Retirement System lifted its position in Texas Instruments by 33.2% during the fourth quarter. California Public Employees Retirement System now owns 6,035,704 shares of the semiconductor company’s stock valued at $1,028,846,000 after buying an additional 1,502,989 shares in the last quarter. Capital Research Global Investors grew its stake in Texas Instruments by 4.7% during the first quarter. Capital Research Global Investors now owns 28,715,467 shares of the semiconductor company’s stock worth $5,002,522,000 after buying an additional 1,279,828 shares during the period. Finally, Baillie Gifford & Co. increased its position in shares of Texas Instruments by 65.8% in the first quarter. Baillie Gifford & Co. now owns 2,977,032 shares of the semiconductor company’s stock worth $518,629,000 after acquiring an additional 1,181,841 shares in the last quarter. 84.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Robert W. Baird raised their price objective on Texas Instruments from $175.00 to $200.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. TD Cowen boosted their price target on Texas Instruments from $160.00 to $175.00 and gave the stock a “hold” rating in a research report on Wednesday, April 24th. Benchmark restated a “buy” rating and issued a $230.00 price target on shares of Texas Instruments in a report on Wednesday, July 24th. JPMorgan Chase & Co. lifted their price objective on shares of Texas Instruments from $195.00 to $230.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Finally, Wells Fargo & Company began coverage on shares of Texas Instruments in a research note on Thursday, May 16th. They issued an “underweight” rating and a $150.00 target price for the company. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $198.64.

Texas Instruments Stock Performance

Texas Instruments stock traded down $1.40 during mid-day trading on Friday, reaching $200.53. The company’s stock had a trading volume of 4,236,423 shares, compared to its average volume of 5,522,879. The company has a current ratio of 4.62, a quick ratio of 3.49 and a debt-to-equity ratio of 0.75. Texas Instruments Incorporated has a twelve month low of $139.48 and a twelve month high of $210.84. The business has a 50 day moving average price of $197.16 and a 200-day moving average price of $182.85. The firm has a market cap of $182.58 billion, a price-to-earnings ratio of 31.28, a PEG ratio of 4.25 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.16 by $0.06. The business had revenue of $3.82 billion during the quarter, compared to analyst estimates of $3.82 billion. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. The company’s quarterly revenue was down 15.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.87 EPS. Sell-side analysts predict that Texas Instruments Incorporated will post 5.11 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Investors of record on Wednesday, July 31st were given a dividend of $1.30 per share. The ex-dividend date was Wednesday, July 31st. This represents a $5.20 dividend on an annualized basis and a yield of 2.59%. Texas Instruments’s dividend payout ratio is currently 81.12%.

About Texas Instruments

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. The company operates through Analog and Embedded Processing segments. The Analog segment offers power products to manage power requirements across various voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage references, and lighting products.